Land for sale

Land for sale

Torremolinos, Málaga
4,663,000
 
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
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Ref: 428-05341P
Property marketed by Selection Med Selection Med
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Strategic Location on the Costa del Sol

Urban land located in a rapidly growing area, close to:
•The motorway
•The Congress Palace
•The future largest shopping & leisure center in Andalusia
•The future largest golf course in Málaga

A prime setting for a high-end residential development.



Strong Development Potential
•Total sector size: 54,000 m²
•Planned capacity: up to 81 villas
•Density: 15 homes per hectare
•Plot for sale: 38,858 m² (majority of the sector)

Potential to develop up to 58 villas



Key Investment Offering
•Price: €4,663,000
•Price per m²: €120/m²
•Ownership: 71.9% of the sector
•Full sector price : 6.330.000 € (other 5 owners who also want to sell)

Major advantage:
You gain a controlling position in the development decisions (ideal for developers and investors).



Attractive Lifestyle & Location
•Sea, Málaga city, and mountain views
•Only:
•2 km from the beach
•3 km from Málaga Airport
•5 km from Málaga city center
•2 km from major shopping centers

Perfect for a high-demand residential project (primary or second homes).



Investment Highlights

✔ High-growth area
✔ Close to major infrastructure projects
✔ Strong value appreciation potential
✔ Ideal product: individual villas (high demand)
✔ Control over urban development



⚠️ Important Notes
•Price non-negotiable
•Taxes and acquisition costs not included (transfer tax / VAT / notary fees)

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 38,858m² Plot size
  • Sea view
  • Mountain view
  • Close to golf
  • City views

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
463,300€
Final Payment of 90% on completion
4,196,700€
 
Property Purchase Expenses
Property price
4,663,000€
Transfer tax 10%
466,300€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€

* Transfer tax is based on the sale value or the cadastral value whichever is the highest.

** The information above is displayed as a guide only.

Mortgage Calculator

Mortgage Amount:
4,663,000€
Deposit:
Interest Rate:
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Period:
Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

Spanish Property News & Updates by Spain Property Portal.com

In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.

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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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